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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)
Countertrend Up (+85) - SARJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SARJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SARJPY
The long-term trend has been UP since Nov 5th, 2024 at 40.965371
The intermediate-term trend has been UP since Oct 2nd, 2024 at 38.779244
The short-term trend has been DOWN since Nov 19th, 2024 at 40.999333
Smart Scan Analysis for SARJPY
Based on our trend formula, SARJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 41.346481 | 41.477198 | 41.346481 | 41.477198 | +0.130717 |
| Prev. Close | Volume | Bid | Ask | Time |
| 41.346481 | 2024-11-20 03:14:23 |